The pair will look for small, consumer-focused, start ups that could become the next Google, Skype, or Facebook with minimal additional financing, Zennström is quoted as saying.

In a separate interview with the newspaper, Zennström – who also founded music-sharing site Kazaa - said Atomico would look to invest in companies offering multimedia content, and predicted piracy would begin to die out in the years ahead, as more companies offer reasonably-priced content.